Sheffield has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 8.03% to date .
The five-year average increase in median property values for Sheffield,7306 has given property investors a potential capital gain of 8.69% across each of those five years.
At number 93th of TAS’s most discounted properties, Sheffield is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Sheffield, 7306’s gross rental yield is 5.22%
Information supplied by:
Median house price: $248,000
Three-year growth: -11.0%
Rental yield: 5.2%
Situated on the foothills of Mount Roland, Sheffield is the rural centre for the mountain region. It is known for the murals decorating the suburb that illustrate the history of the area, and is regarded as the Apple Isle’s outdoor gallery.
This is a massive change from Sheffield’s background as an industrial hub. An annual mural-painting festival is now held in Mural Park, while indoor treasures are found in Mural House. Residents can enjoy rowing at Lake Barrington and picnicking at Devils Gate Dam.
Sheffield is a volatile market, with prices rising and falling over recent years. Prices declined by 11% in 2015, but rose by 7.8% in the year to August 2018 before slipping again in the three months to August. The market, however, is very low priced, with the median house value being lower than $250,000.